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now our economy is growing and our businesses are creating new jobs. we are poised for a good year. if we make smart decisions and sound investments. as long as washington politics and do not get in the way of america's progress. as i sat on the campaign, one component to growing our economy is shrinking our deficit and a balanced and responsible way. for nearly two years now, i have been fighting for such a plan. one that would reduce our deficit by four trillion dollars over the next decade which would stabilize our debt and our deficit and sustain us for the next decade. that would be enough not only to stop the growth of our debt and the size of our economy and make it manageable. education and job training in science and research and all of those things that help us grow. step-by-step, we have made progress towards that goal. over the past few years and signed into law 1.4 trillion dollars in spending cuts. two weeks ago i signed into law more than $600 billion in revenue by making sure the wealthiest americans began to pay their fair share. when you add the money that we will
dan kerman is here to explain. >> when the economy outwith the economy in the dolldrums three years ago, congress created the payroll tax holiday, which cut the payroll tax from 6.2% to 4.2%.for 2011 and 2012. meaning more money in your paycheck to spend to help get the economy going. well that so called holiday expired at the end of last year. meaning your payroll tax goes back up 2% meaning less take home pay. here's what it means. households making between 40 and 50 thousand dollars will see 579 dollars less this year. those making between 50 and 75 thousand dollars will see about 822 dollars less this year. those making between 75 and 100 thousand dollars will pay 1,206 more in tax, or 100-dollars a month the big question is, will this impact the economy? since consumers have less in their paycheck each week, even if it's 25$ a week, will they spend less? some forecasters say definitely. others say we've paid this rate for years and this 2-percent will have little impact over the long term. especially when you consider that middle class tax rates are not going up. >> pam: now th
, which you know, because the economy improved, we received additional general fund monies. and we also received significant more additional federal and state grants. those are our two largest increases in state revenue. we also got $16 million from fares and parking meters, a combination -- mostly due to our annual fare increases that we now have established a policy on and the fact that we are getting more money from parking meter because of our new technology. to offset the increase in revenue of $6 1 million we saw an increase in expenditures of $54 million and mostly in the personnel services and repairs and maintenance cost line items. so we change our from $7 million in the prior year. here is a picture of our bloat, which gives you a sense of our assets and liabilities. our assets went up $225 million from the prior year. the majority of it is in higher revenues and investment of capital assets. we shows decreases because debt service were decreased because as you know we resised es reissued debt. we had increases in other postemployment benefit, and our liabilities went up.
that will help with cash flow issues, especially during our tough economy. this is very inline with some of the legislation that supervisor chu has worked on in past to help make it easier for contractors working with our city. the second change, very basic also has to do with enforcement of this provision. so again, we're mimicking what state law did, which is that any contractor who does not pay their sub within seven calendar days, and we had a couple of stakeholder meetings not only with department folks, but contractors in the community. and some of them had voiced they would really like to see legislation that mirrors what the state does. they do [tpwho-rbgt/] just work not only in san francisco, but all over the area and would like to see some consistency with the various laws. the other thing we also want to recognize, i know mohammed has a task force and they are looking into prompt payment issues. so we also want to be cognizant there is that parallel process going on. they are working on, for example, systems to make it more transparent in terms of when a contractor receives
economy, and once -- already there are signs of strong improvement. once this crisis is over we will definitely flex the muscles. please. >> [inaudible] are you planning show case any important architects and designers in this year of italian culture? >> definitely. i mean in san francisco there's a wonderful san francisco design week, so we will have an italian design week too. we are planning on an exhibition of cultural institute with major brands of interior design. there's also very nice thing that we're working on. a famous architect has designed the california academy of sciences, the wonderful building in golden gate park. he has also designed similar museum in italy in my city and the museum is almost finished there, and our ambition is to have him come over and celebrate at the academy, and also talk to young architects about the most sustainable ways to build this century. other questions? if there is no other question i thank you so much. thank our distinguished guest for being here with us and i hope to have a good time with you guys at the italian cultural
economy could dip, throwing all of the numbers off. >> that's going to have a very significant effect on revenues in california. >> reporter: the govern's budget that was released last thursday will be revised or updated in may. that is when we will truly know if our surplus plus has grown with the economy, or if it has dropped. >>> it doesn't look like survivors who filed lawsuits against pg & e are for the deadly san bruno explosion will go to trial. during a hearing in san mateo county superior court today, attorneys said they have come up with a process that should take about 90 days to settle the remaining legal claims. about 320 residents filed suit, and so far mediation efforts have netted settlements for some 120 plaintiff. >>> family members and politicians are calling for more resources to prevent military suicide as the number of suicides last year surged. numbers obtained from the pentagon show there were 349 suicides by service men and women in 2012. that's almost one a day, and also 48 more than the year before. military experts say the total may climb before it falls,
ceiling. >> reporter: he said if washington fails to act on the debt creel, the national economy could dip, throwing all of the numbers off. >> that's going to have a very significant effect on revenues in california. >> reporter: the govern's budget that was released last thursday will be revised or updated in may. that is when we will truly know if our surplus plus has grown with the economy, or if it has dropped. >>> it doesn't look like survivors who filed lawsuits against pg & e are for the deadly san bruno explosion will go to trial. during a hearing in san mateo county superior court today, attorneys said they have come up with a process that should take about 90 days to settle the remaining legal claims. about 320 residents filed suit, and so far mediation efforts have netted settlements for some 120 plaintiff. >>> family members and politicians are calling for more resources to prevent military suicide as the number of suicides last year surged. numbers obtained from the pentagon show there were 349 suicides by service men and women in 2012. that's almost one a day, and also
you, steve. >>> the head of the chicago federal reserve expects the u.s. economy to grow 2.5% this year. he says it will improve to 3.5% next year. charles evans says unemployment this year will fall below 7.5 pest and slip to 7% next year. he made his comments at the agent final forum in hong kong this morning. china shanghai index jumped 3% after regulators there says china will open its markets to foreign investors. european markets starting today higher. as we check in on our numbers where we start the day, does look like a pretty good opening across the board. actually right now the future is dipping town a bit. maybe a lower opening for the dough. but waiting for bernanke after the close today little gains on friday. >>> what they are staling that may surprise you. >>> how birthrates in colds are changing. >> you can wake up with ktvu every morning. get the top stories that develop while you were sleeping sent straight to your cell phone. every weekday morning 6:00 a.m.. get your ktvu morning wake up call by texting the word wake up to 70123. >>> welcome back to the c
. >> the recovering the economy and high gas prices are driving record riders ship on bart. >> but the increase in passengers could bring problems as the transit district does not act to increase its capacity and rejuvenate its aging infrastructure. >> bart riders it has increased 6% over last year of the agency only anticipated a rise of about 2%. >> bart officials say to handle growth without dismissing service it needs to, the agency needs to beef up orders new train cars and increase capacity of platforms at the busiest bart stations. >> many of the times by a $18 million over budget and the first year mayor ed lease administration. >> officials say overtime work more than double the salary of some in the employes, with one muni mechanic raking in an extra $160,000. >> employees say a lot of the overtime and for working to get many new train control system operating. >> overall, many as 22 of the city's top 25 overtime wage earners, far outpacing the usual leaders to work in police and fire. >> we now know, the lance the falcons will face off against the san francisco 49ers next sunday. >>
to the u.s. economy. >> for his part, president obama is expected to lay out a white house plan for immigration in the coming weeks, perhaps during next month's state of the union address. >>> former utah governor jon huntsman is promoting a problem- solving approach in congress, with his bipartisan movement that he calls no labels. >> it's a dysfunction of congress that's now becoming our nation's dysfunction. we're becoming disfigured in a sense, our economy is, because congress is so far behind in the game. >> we don't even know our colleagues in congress out of 435. so this gives us a chance. no labels gives us that venue to sit down and have meaningful conversation. >> so far, 25 members of congress have signed on to quit the finger-pointing and focus on solutions. former governor huntsman says he hopes to get at least 50 more. >>> there were protests all across the u.s. this weekend to mark the 11th anniversary of a prison. human rights groups are demanding be shut down. ktvu's christien kafton talked with those opposed to the camp at guantanamo bay, who say they are disap
will help boost the u.s. economy. the retail giant plans to hire more than 100,000 veterans over five years. wal-mart also says it'll buy $50 billion worth of american-made goods over ten years and help part-time workers who want more hours move to full time. >>> on wall streeshths stocks finished the day mixed. strong retail numbers boosd the dow, which rose by 27. nasdaq, though, lost six point way,ed down in large part by apple. the day was a dubous one for apple which closed below $500 a share for the first time in 11 months. apple is reportedly cutting its orders for iphone parts suggest sales are lacking. for the day apple dpe cliend about $15, more than 3%. >>> facebook took a page out of apple's play book today by inviting the media to a big announce. but as robert honda reports, the new product didn't quite live up to all the hype. >> news agencies from around the world came to facebook's mystery announcement today. founder and ceo mark suker burg unveiled graph search, an advanced search capability that will ultimately allow users to search the data base through their own friends'
and if congress does not act on the debt ceiling, the national economy could fall and that would have a negative affect on california's budget numbers. they revealed a budget surplus in many years and that's thanks to a new tax revenue from proposition 30 as well as spending cuts. >>> the social media is buzzing about a possible announcement by facebook. janine de la vega joins us now from menlo park with more on a mystery event that is going to take place in just a few hours, good morning. >> reporter: good morning pam, we did see several news vehicles and as the morning goes on the area is expected to fill up and that's because at 10:00 a.m. facebook is anticipating a news conference to unveil something. we don't know what that something is just yet but they say come see what we are building. most people agree they are not talking about an actual building even though they are expanding their campus. some analysts are shooting down the idea of a phone because mark zuckerberg said a phone does not make sense. facebook is his top pry yourty and -- priority and he may unveil a search engine so use
the economy at rigs being. boeing fell 2% in after hours trading after faa grounded dream liners. and apple stock went up 4%. >> a veteran actor spent golden years here in the bay area has died. he was best known for the role in "diff'rent strokes", playing a wealthy white widower raising two sons of his african american housekeeper. a native of canada he had a long career in the movies and stage a cording to his daughter he died at home in livermore. conrad bain >>> a coalition of consumer groups is asking the federal government to take a look at the lending practices of san francisco based wells fargo bank. >> that is right. they're concerned about a program they claim is like a pay day loan product. >> michael finney is here now with a story of a woman comparing her experience to a debt trap. >> yes this, wells fargo prefers to call the program a direct deposit advance, charging 1 path $50 for every $20 borrowed. your loan must be paid in full when the next check arrives. the fee on the loan is equivalent of a percentage rate of 108%. a 30 day loan, 91%. annette smith of rockland needed
kenneth gas economy of galt took his own life after shooting the officer. investigators say the reported burglary suspect was later identified as a relative of the property owner. >>> a funeral service is under way for an innocent bystander who died in a new year's day crash in san francisco. 26-year-old francisco gutierrez was killed while walking outside a liquor store on van nuys avenue. police say a speeder caused the crash while speeding away from officers. another bystander was also killed. he was in a car held by the suspect. >>> san jose police have released the sketch of a man who has a neighborhood on alert after he tried to snatch a child from her mother's arms. police say the three-year-old was playing with other children when the man approached and comment ed on how she looked. feeling uncomfortable, the mother picked up the girl, but the man tried to pull the toddler from her arms. >> when he knelt down, he grabbed my daughter by her feet. we were tugging at each other. and her bottoms were falling off, and then eventually, her boots fell off, and that's when the struggle
.s. economy and japan nikkei was up only slightly and they look to the yen as a good sign for exports. trading yesterday, the dow jones industrial average started today at 13511 and right now it looks like a little bit of a higher opening across the board for all three major index. apple gained more than 4% closed at $500 a share boosting the nasdaq. apple's stock is down 28% from its all-time high last september but the cupertino based company remains worth $471 billion and right now it looks like it will trade up to $2 a share this morning. >>> on the bay area, movies about steve jobs and they are about to premier. >>> a great white shark encounter caught on tape by some nervous fishermen, how long it stuck around their boat. >>> and plus you can get the morning's top stories while you are sleeping send straight to your cell phone at 6:00 a.m. text the word wake up by 70123. iyin)Ñ)ogóçÑóçíç'Ñy?oo . >>> two australian fishermen had a good look at a great white. they were fishing when this big guy circled their boat bouncing along the side of their boat even putting its nose on the e
today and santa clara county has the top ranked economy in the nation. in 2011, the south bay was a distant 51st in the country. the san francisco, san mateo, marin region is lumped together and was rated number 36 in the country - up from 57 in 2011. and the east bay is number 155 - up from 168 a year ago. the santa monica based the study. it indicates the south bay claimed the top spot thanks technology industry. >> jacqueline: 60s expected for the weekend in several locations with upper 60s a look outside at the satellite and radar with this area of high pressure. it is driving the storm will to the north. not much rain for the next several days in fact, blue skies and warmer conditions. tomorrow, still chilly. 29 in napa santa rosa. for fairfield, also the 20's and 30's in concord, pleasanton but opera 30's for the bay shore and the south day. 43 in san francisco. 60s in the south bay in cupertino, campbell, milpitas. more low 60s for the inland valleys. 60s in concord, livermore and also 60s for the east bay shore. overall, not three like january. temperatures unseasonabl
million buy america program that is to help america stimulate economy. it's a plan when it's been the target of workers who want higher salaries and more opportunities for full-time work. the company's offered the hire veterans who apply will begin on memorial day. for "cbs this morning," anna werner, dallas. >> many employees say the perks make some workplaces better than others. fortune magazine's andy serwer reveals it. >> one of the perks for me is working here. >>> tomorrow we'll show you one of the most unusual and chili's lunch combos starting at just 6 bucks. try our new southwestern mac and cheese with grilled chicken served with soup or salad. chili's lunch combos. starting at 6 bucks. more life happens here. mine was earned in djibouti, africa, 2004. the battle of bataan 1942. [ all ] fort benning, georgia, in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and because usaa's commitment to serve the military, veter
the failure to raise the debt ceiling would send shock waves through the economy both national and global. that being said, president obama only fanned the flames today painting a picture of government catastrophe based on the facts seems a bit trumped up. >> ladies and gentlemen, the president of the united states. >> reporter: in the first press conference of his second term, president obama wasted little time scaring the day lights out of millions of americans who rely on government paychecks for one service or another, of the consequences of a u.s. default. >> may not be able to pay our troops or honor our contracts with small business owners. food inspectors, air traffic controllers, specialists who track down nuclear materials wouldn't get their paychecks. >> reporter: the president's statement is speculative and not true because, frankly, no one knows what programs will be short changed if the u.s. can't meet its payment obligations. it's never happened before. but here is what we do know courtesy of the bipartisan policy center. if congress fails to raise the debt ceiling the gove
and oakland last 71,700 jobs. >>> walmart rolled out a plan it says will jump start the u.s. economy including hiring veterans. they plan on hiring veterans, buying $50 billion worth of american made goods and helping part time workers transition into full time positions. >> facebook made its big announcement today and it wasn't quite as big as some people had hoped. robert handa is telling us about the new feature. >> reporter: the announcement there would be an announcement got the attention of literally the world today. the actual announcement here generated mixed feelings. news agencies from around the world came to facebook's mystery announcement today. founder and ceo mark zuckerberg unveiled graph search that will allow users to search the social network's database through their own friends post and help members zero in on other members who share interests. >> before having tools like this that was really just one half of the equation. people are going to have the ability to make these new connections. it's a new thing. >> reporter: tech analyst says it could help facebook and attract c
the next five years will help jump start the economy. >> about everybody here started in an entry level job, i did. >> reporter: but elmer who works with returning veterans says wal-mart might include extending the officer including all veterans not just the ones coming home now. >> it's a great way to honor their service. i don't think veterans should have to fight for a job. >> reporter: wal-mart is often criticized for its low paying jobs and treatment of workers. today's announcement will likely help the company's imagine. >>> new at 10:00 tonight an armed robbery inside an east bay home improvement store it happened shortly after 7:00 tonight at the home depot in san leandro on davis street. two men one armed with a handgun held up a cashier. there's no word on how much cash was taken. one person fainted and was taken to the hospital. no one saw the man leave so there's no description of the man. >>> sheriff's deputies found a car parked across from the sonoma state campus in santa rosa last night. deputies say they recognized the volvo from a domestic violence case. they said they saw
the economy. >> about everybody here started in an entry level job, i did. >> reporter: but elmer who works with returning veterans says wal-mart might include extending the officer including all veterans not just the ones coming home now. >> it's a great way to honor their service. i don't think veterans should have to fight for a job. >> reporter: wal-mart is often criticized for its low paying jobs and treatment of workers. today's announcement will likely help the company's imagine. >>> new at 10:00 tonight an armed robbery inside an east bay home improvement store it happened shortly after 7:00 tonight at the home depot in san leandro on davis street. two men one armed with a handgun held up a cashier. there's no word on how much cash was taken. one person fainted and was taken to the hospital. no one saw the man leave so there's no description of the man. >>> sheriff's deputies found a car parked across from the sonoma state campus in santa rosa last night. deputies say they recognized the volvo from a domestic violence case. they said they saw blood in the car then opened the trunk a
, the national economy could dip and that would likely have a negative effect on california's budget numbers. push >> the biggest risk to our forecast or the analysts' forecasts could come next month and that's from washington, d.c. >> the 2013 budget release by governor brown showed a surplus for the first time in many years and that was thanks to new tax revenue from proposition 30 as well as spending cuts. >>> oakland police investigating a shooting that seriously injured one man. it happened about 8:00 last night on crest avenue. neighbors say they heard about 30 rounds from what sounded likes an automatic assault rifle. the victim ran. he was taken to the hospital in critical but stable condition. so far no arrests have been made. >>> well, oakland's police chief and the mayor, they are working now to stop the surge in violence. 11 people were wounded in shootings over the weekend, six people have been killed so far this year. the police are blaming a lot of the violence on a feud between rival gangs. it started when a young woman was killed last summer. since then, howard jordan says g
workers have jobs. this is a big part of our economy. people feel more and wealthier when their home is doing well. >> let's talk about bowling. to this is dominating the headlines. we have already had japan ground their planes and now york. ethiopia is starting to the ground theirs as well. what is the situation with bowling? >> and boeing is one of those companies that is one of the greatest. they are almost like dale. this is a japanese battery maker and this seems to be the biggest problem. death a a burly cleared the plan is two months ago and worldwide regulators are ground the planes. i do not like this because there's too much of a chance of recalls. short- term, boeing is a risk. but they will not go out of business and the plane will figure out its problems. you probably wil >> thank you rob. we will be visiting with you a began talking about the winners and losers later. the >> we're taking a look at van ness ave. >> we have several spots in the upper 20s. it is clear conditions for most of us perry ed it is patchy frost and the impossibility of black eyes in the north bay
investors more optimistic about the economy. the dow is up 69. the nasdaq is up 18. s&p up 7. >>> an influential group of business leaders is pushing for an increase in the full retirement age. the business round table made up of large company's ceos -- companies' secretary of state, says the retirement age should gradually go up to 70. the group is proposing the older retirement age apply for both social security and medicare. members also want to partially privatize healthcare for older americans. they say their plan to help preserve social security and medicare for all americans. >>> 8:44. let's bring you up to date on some of the other top stories we're following for you right now. algerian forces reportedly raided a natural gas plant trying to free dozens of foreign hostages including americans held by militants. but the militants say 35 hostages and 15 kidnappers were killed by algerian military helicopters. they also say that seven hostages including two americans survived. no comment yet on this by the algerian government. >>> back this country, notre dame football st
central to the rural economy of ireland. one burger tested was 33 percent horse meat. >> you heard jimmy joking about the flu season, though, really is in high gear and doctors are urging everyone to get a flu shop. why pregnant women concerned about the vaccine safety can breathe easier. >> and the body-hugging jeans with a twist, the denim that leaves you with a boost long after you have taken them off and silky >> across the country, president obama's proposed ban on new assault weapons and high capacity clips has struck a nerve among those who make the laws and those who enforce them. recently, lawmakers in texas, wyoming, missouri, and tennessee have rushed to introduce legislation to preempt the president's proposal. sheriffs in oregon and kentucky are refusing to enforce any new gun laws but the power to defy federal law are limited and the rhetoric is simply political posturing. >> if you drink a popular juice to prevent health disease or treat prostate cancer, the federal trade commission says you could waste your time ruling that there were deceptive ads over a juice that said
feinstein on a tougher gun safety measure, a ban on assault weapons. boxer said gun safety and the economy are front burner issues, but she'd like to see action on two other issues she believes are especially critical to california, climate change and immigration reform. >>> hundreds of thousands of people are expected in the nation's capital monday for president obama's inauguration. coming up the rush for tickets and the distance some people traveled to be part of history. >>> undergraduate applications to the university of california's nine campuses have taken a big jump this year. nearly 175,000 high school seniors and transfer students have applied for admission next fall, an increase of 8.6% from last year partly driven by a surge in applications from outside california. >>> the tsa is changing the kind of full body scanners used at san jose and oakland airports. it's going to stop using the scanners that show an image that looks like a naked body in the coming months and switch to a different brand that produces a generic image like an avatar. sfo uses the avatar type full body scan
about both the u.s. and chinese economies. in europe both the uk and french markets are up. germany down' fraction. checking in on our numbers right now i'm look hack the the futures. and it does look like a pretty mixed opening this morning for us. that is after a decent day yesterday. s & p 500 close to 1500. so we'll have a better look as we get closer to the opening bell. >>> time now 5:18. a shark attack in hawaii? people are cautiously getting back into the water. where the shark went after a surfer and what kind of shark it was. >>> a night of fun in costumes at the lady gaga concert. there was also a serious message for concert goers. >>> you can wake up with ktvu every morning. get the mornings top stories that develop while you were sleeping sent straight to your cell phone. every weekday morning 6:00 a.m.. get your ktvu morning wake up call by texting the word wakeup to 70123. [ male announcer ] are you a business traveler who can withstand the perils of air travel? can you survive change fees? blackout dates? boarding in mobs? do you actually, in a weird way, kind of enjoy ru
is part of california's economy. last year she created something called privacy enforcement and protection units in the attorney general's office and this is lawyers specifically designated to look into online privacy issues. also last month, the attorney general sued delta because their fly delta app was collecting names, e-mails, and for flyer mile information without a privacy policy. so basically this report that she came out with on friday could be entitled, how not to get sued like delta. if they are found guilty of violating the privacy protection act, they could suffer $2,500 in fines per violation. so that can be a ton of money based on the number of people that use the apps. >> that's a whole new frontier? >> reporter: it is. one more thing. [ inaudible ] >> whatever. >> especially before you go with the practical effect. >> there are going to be pop- ups that you will be able to pay attention to or not. most of us are going to not. having said that, a lot of the app makers are angry that they are going to have to go through th
. >> reporter: good morning. the economy very happy to hear that. we saw a better-than-expected rise in retail sales in december up .5% overall from the month of november. that was better than expected given all the stress regarding the "fiscal cliff" threats and when you lock at the best performing category cars and trucks, 1.6% up overall in 2012 the best year for auto sales since 2007. the numbers overall would have been even better if you strip out a 1.6% decline in the price of gas. now, when it comes to that decline in gas prices, that led to lower inflation on wholesale side of the equation. the producer price index fell two-tenths of a percent last month from the month before. overall, wholesale side inflation in 2012 up only 1.3%. that compared to a 4.7% inacross in 2011 falling gas prices certainly helping out at the end of the year. stock market coming off a mixed day and looking at a lower open this morning. continuing concern over techs including apple and iphone 5 demand in the holiday quarter. a look at the big board the dow is down 2
factor for the drop of immigration from latin america may be the bad economy. a man tried to kidnap a three year-old boy and the middle of the mall in the middle of a store. luckily, the mom spotted him and now we have details about who they are looking for. we will be right back. >> looked back as 829 and looking at the weather here is erica. >> it is sunny but kind of hazy. remembered today as a winter spare the air day, no wood burning out loud. a lot of you probably wish you could because we have several cases in the upper 20s. 34 out the door in san francisco and into the afternoon sunny and warm conditions. mid to upper 50s for most of us and the south bay's bats. it will not be as cold as the past couple of nights. as we transition into the weekend we will have full details on what to expect in my next report. 830 and let's check back with george. >> not tracking any hot spots but the bay bridge ride drive times are holding at 18 to 22 minutes. the bridge was an early morning hot spot along the last several days and it has cleared out. the right to the san mateo bridge still
to the improving economy and high gas prices bart riders ship has skyrocketed more than 366 366,000 passengers each weekday last year. this year 391,000 per week day. >> the san francisco police department released a sketch of a man who attacked in the mission district-- at tacked a woman . >> the sketch of a suspect, to to sexually assault a 31 year old woman back in january 6th. >> just before 3 in the morning, the woman was walking down to their street for church, when a man lunged at her grabbing her head bring to the ground. >> he described as an asian or hispanic male, 25 years of age, with the buzz haircuts and is light beard. >> the san mateo county narcotics task force arrested a man who officials say is suspected of selling illegal firearms out of his house and car. >> police arrested antonio infante that is all on spears avenue on friday. >> he is a convicted felon, which prohibits them from owning a firearm. >> police recovered to revolvers, one semi- automatic handgun and and sks assault rifle. that is what you're looking at here. what bart is also recovered hundreds of rounds of ammun
economy. home builder confidence holding steady at a seven-year high. taking a live look at the big board. the dow is down 26. the nasdaq up 7. s&p is flat. >>> a chinese factory will start making one model of jeep. chrysler isn't saying which model it will be. but the vehicles made in china will be sold in that country. chrysler sold 50,000 suvs in champion last year. the jeeps will be made by a company that's already building fiats in china and fiat owns chrysler. >>> let's brick up up to date on some of the other top stories we're following for you. we're minutes away from hearing president obama's plan to reduce gun violence. the president will tell us what he wants from congress as ally el -- as well as the executive actions he's prepared to take on his own. the president is tu to speak at 8:55. ktvu will bring it to you live. we'll stream it live at ktvu.com. >>> well, the mayor of london says it's too early to know the exact cause of today's deadly helicopter crash right in the heart of london during rush hour. the helicopter hit a crane on top of a tower. the pilot of the helicopt
the economy. on wall street. the dow soared 84-points to close just shy of 13- thousand-600. the nasdaq jumped up 18- points. and the s-and-p-500 gained eight points. to close at another five-year high. chav >> jacqueline: we did see some temperatures in the 50s and 60s. this unseasonably warm weather will continue for the weekend. temperatures are still chilly in some areas. 30's with upper 30's as we go towards the weekend. low 40's. for the afternoon highs, plenty of 60s. through the weekend and as we see this area of high pressure. it is well to the north. no rain for several days. this will stay intact for wednesday of next week. we will enjoy mild temperatures and still some areas that are chilly. santa rosa, in napa. 28 in fairfield. we could see freezing fog again. temperatures are going to certainly reflect that with concord, pleasanton. freezing, below freezing. take a look at the bay shores. nearly 40's. and for the south bay. 434 san francisco tomorrow morning. it will be warming up tomorrow, 43-4 san francisco. and campbell. san jose, for the inland valleys it will be mainly in th
optimistic about the economy. >> here is a look at the closing numbers. the dow soared 84 points to close to shy of 13,600. the nasdaq jumped up 18 points. and the s&p 500 gained a point to close at another five year high. >> we will have more at the opening bell at 6:30 a.m.. >> toyota motor co. says, it has settled what is to be the first of hundreds of lawsuits claiming the deaths and injuries were caused by problems in toyota vehicles. >> the problems sudden an unintended acceleration in toyota vehicles. the company reached an agreement in the wrongful death case, brought by the family of paul van alfen. and charlene jones lloyd. >> there were killed when their toyota camry slammed into a wall in utah back in 2010. the van alfen case was to be the first of hundreds tried. >> yelp is going to start displaying health inspection information about restaurants, bars, and cafes on its review side. >> san francisco will be the first city in the country to post a new health stores are yelp. >> so how restaurantare restaurn san francisco reacting to the news that their health inspection rating
to leave the pentagon. s he has fought to protect the economy. and he is expected to return to california next month. >>> some scary moments for people at three separate gun shows yesterday. here in raleigh, north carolina, a shotgun accidentally fired. he brought it to the gun show to sell s and he didn't unload the ammunition. another man shot himself in the hand. in medina, ohio, the handgun he was checking was loaded when he pulled the trigger and it was discharged. it wounded a bystander in the arm and leg. >>> hundreds of gun activists protested at the capital. ♪ >> the event was one of several pro gun protests nationwide. many of the activists say ban on proposed weapons and high clips are a way to chip away at the second amendment right. they spiked 60% in two years. the press democrat reports firearms dealers in sonoma county sold 700 guns a day. this came touring a crop in crime. >>> no money will be handed out at marin county. because the program ran out of cash. 300 were turned in last week. they gave them the allotted money and they need to raise $60,000 to carry the nongua
and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> good tuesday morning to you. time is 7:19. backup at the bay bridge. we'll get to mike's report in just a moment. temperatures right now running very cold. we'll finish out the day in the mid 50s. 56 degrees inland. 55 degrees at the coast. tomorrow we climb even more so and then we'll hit mid to upper 60s friday into saturday. hope you have a fantastic tuesday. stay warm out there. >> announcer: come on, let's go skydiving, savannah. it will be fun. come on. team skydive. >> team, no. >> yeah. they want to see that. come on. >> you all can skydive. i'll watch from the ground. al, thanks so much. >>> is apple losing some of its cool? stock prices have been falling for months. now there's reports that the company is planning to build fewer iphones. tom costello has more on this story. tom, good morning to you. >> savannah, good morning. by many standards, apple is a world leader. it is the world's most valuable tech company if you've been invested in their s
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